Analysis of GSTR 4-Quarterly Return for Compounding Taxable person

By | October 8, 2016

GSTR 4

Quarterly Return for Compounding Taxable person

Key Points about GSTR 4 for Composition supplier

  • Due Date :- GSTR 4 to be furnished by 18th of month succeeding the quarter.
  • Who to File GSTR 4:– Every registered taxable person paying tax under section 8 shall file the return in GSTR 4.
  • Auto Population of Details :- Details will be auto populated in Form GSTR 4A.  After adding, correcting or deleting the details contained in FORM GSTR-4A, furnish a quarterly return in FORM GSTR-4 electronically through the Common Portal, either directly or from a Facilitation Centre, notified by the Board or Commissioner.
  • Details to be filed in GSTR 4
    • Inward supplies including supplies received from unregistered persons
    • Amendments to details of inward supplies including supplies received from unregistered persons in earlier tax periods
    • Goods /Capital goods received from Overseas (Import of goods)
    • Amendments in Goods /Capital goods received from Overseas (Import of goods) of earlier tax periods
    • Services received from a supplier located outside India (Import of services)
    • Amendments in Services received from a supplier located outside India (Import of services) of earlier tax periods
    • Outward Supplies made
    • Amendments to Outward Supplies related to intra-state supplies
    • Details of Credit/Debit Notes issued and received
    • Amendment to Details of Credit/Debit Notes Issued and Received of earlier tax periods
    • TDS Credit received
    • Tax liability under reverse charge arising on account of time of supply without receipt of Invoice
    • Amendment in Tax liability under Reverse Charge arising on account of time of Supply without receipt of Invoice
    • Tax already paid on account of time of supply for invoices received in the current period relating to reverse charge.
    • Liability Payable
    • Details of Tax Payment
    • Refund Claimed
    • Are you likely to cross composition limit before the date of next return: Y/N
  • How to Pay Tax :– Every registered taxable person furnishing the GSTR 4 return  shall discharge his liability towards tax, interest, penalty, fees or any other amount payable under the Act or these rules by debiting the electronic cash ledger.

Download  GSTR-4 Quarterly Return for Compounding Taxable person

Download GSTR-4A : AUTO DRAFTED DETAILS

Read also  GST Return filing Process in India

GST Return ,GSTR 1, GSTR 2, GSTR 3, GSTR 4, GSTR 5, GSTR 6, GSTR 7, GSTR 8, GSTR 9, GSTR 10, GSTR 11,

GST Return : Who … What….When….to File GST Return

Sr.No

Form

Who to File ?

What to file?

When to File ?

1

GSTR-1

Registered taxable supplier

Outward supplies

10th of the month succeeding the tax period

2

GSTR-2

Registered taxable recipient

Inward supplies /Purchases

15th of the month succeeding the tax period

3

GSTR-3

Registered taxable person

Monthly Return

20th of the month succeeding the tax period

4

GSTR-4

Composition supplier

Quarterly Return for Compounding Taxable person

18th of the month succeeding the quarter

5

GSTR-5

Non-resident person

Outward supplies, inward supplies

20th of the month succeeding tax period & within 7 days after expiry of registration

6

GSTR -6

Input service distributor

details of tax invoices on which credit has been received

13th of the month succeeding the tax period

7

GSTR-7

Tax deductor

Details of tax deducted

10th of the month succeeding the month of deduction

8

GSTR-8

E commerce operator/tax collector

Details of tax collected.

10th of the month succeeding the tax period

9

GSTR-9 

Registered Taxable Persons

Annual Return

31st December of the next Financial Year]

10

GSTR 9A

Taxable Person paying tax u/s 8 (Compounding Taxable Person)

Annual Return

31st December of the next Financial Year]

11

GSTR 9B

Registered Taxable Person (if Turnover Exceeds 1Crore)

Audit Report with Reconciliation Statement

31st December of the next Financial Year

12

GSTR 10

Taxable person whose registration has been surrendered or cancelled

Final return

within three months of the date of cancellation or date of cancellation order, whichever is later

13

GSTR 11

Persons having Unique Identity Number and Claiming Refund

Details of inward supplies

28th of the month following the month for which statement is filed

Free Education Guide on Goods & Service Tax (GST)


SR No

Topic -GST

Resources

1

Model GST Law

Model GST Law

2

GST Overview

Goods and Services Tax (GST): An Overview

Integrated Goods & Service Tax (IGST) Act Overview

Meaning and Scope of Supply

Time of Supply

Place of Supply of Goods and Service under GST

Valuation in GST

Levy of GST & Exemption from Tax

Job Work under Goods & Service Tax (GST)

Electronic Commerce under Goods & Service Tax (GST)

3

Transition to GST

Transitional Provisions in Goods & Service Tax (GST)

4

Registration

GST Registration FAQ’s

GST Registration Process -Video

GST -Draft Registration Rules

GST -Draft Registration Formats

5

Invoice

GST Draft Invoice Rules released by CBEC

GST Draft Invoice formats Released by CBEC

6

Input Tax Credit

Input Tax Credit under Goods & Service Tax (GST)

Concept of Input Service Distributor in Goods & Service Tax (GST)

7

Payment

GST Payment of Tax

GST Draft Payment Rules Released by CBEC

GST Draft Payment formats Released by CBEC

8

Refunds

Refund under GST

Draft GST Refund Forms released by CBEC

Draft GST Refund Rules released by Govt

9

Returns

Returns Process and matching of Input Tax Credit under GST

Draft GST Return Rules Released by Govt

Draft GST Return Formats released by Govt

10

Assessment and Audit

Assessment and Audit under GST

11

Inspection, Search, Seizure and Arrest

Inspection, Search, Seizure and Arrest under GST

12

Offences, Penalty, Prosecution & Compounding

Offences, Penalty, Prosecution & Compounding in GST

13

Demands and Recovery

Demands and Recovery under GST

14

Appeals and Review

Appeals, Review and Revision in GST

15

Advance Ruling

Advance Ruling in Goods and Service Tax (GST)

16

Settlement Commission

Settlement Commission in Goods and Service Tax (GST)

17

GST Portal

Frontend Business Process on GST Portal

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